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Stock impact report

Enerflex (TSX:EFX) Valuation Check As New $102.6 Million Share Shelf Highlights Potential Dilution Risks [Yahoo! Finance]

Enerflex Ltd Common Shares (EFXT) 
Company Research Source: Yahoo! Finance
Enerflex (TSX:EFX) recently filed a shelf registration to issue up to $102.6 million in common shares tied to an employee share ownership plan. This move raises questions about future equity use and potential dilution. See our latest analysis for Enerflex. Enerflex's shelf filing comes after a period of strong stock performance, with a 30 day share price return of 14.06% and a year to date share price return of 31.44%. The 1 year total shareholder return of 170.45% and 3 year total shareholder return of about 2.8x suggest momentum has been firmly positive rather than fading. If this equity move has you thinking more broadly about energy related opportunities, it could be a useful moment to look at 87 nuclear energy infrastructure stocks as another way to source ideas in the wider power and infrastructure theme. With Enerflex trading at CA$28.72, sitting at roughly a 30% discount to the average analyst price target and an indicated intrinsic value gap of about 60%, you have to Show less Read more
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